Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Company and its structure and rules in Dubai and UAE

By Bravo Charli Subscribe to RSS | August 26th 2012 | Views:
loading
 
  



Company is an organization which is an association of different individuals, whether real people or other companies, primarily formed with the aim of doing business and earning profits for its shareholders or members. These individuals provide some sort of capital in the company, either during its formation or after its development to become members or shareholders of it. The key trait which distinguishes company from other sorts of business organizations is that it is considered a separate individual having a unique identity and personality in the eyes of law. This legal person, that is the company, has rights and obligations of its own therefore it can sue someone for the violation of its own rights and can be sued by others in the case of infringement of their rights.

The companies are usually referred to as by the name “limited”. These are called limited because the liability of its members and shareholders are limited to an extent and these cannot be directly sued by someone for company’s affairs and similarly they can’t sue someone directly. The capital and assets of the company are company’s personal wealth and property, and its members have no direct right and claim over it.

Companies are a popular arrangement of business in the whole world especially in the continuously developing emirates and states of UAE particularly in Dubai, Abu Dhabi and Ajman. In the past, the process for Dubai company formation and other emirates was different. Each emirate used to have a unique procedure for the incorporation of company and foreign business rules. However after 1984, steps were taken to make a single codified companies law that deals with and is applicable to all the emirates in UAE including company formation Dubai, Sharjah, Ajman and Qatar. This law also applies to the Abu Dhabi company set-up requirements. This company law has outlined seven types of companies that can be formed in UAE that are General partnership company, Partnership-en-commendams, Joint venture company, Public shareholding company, Private shareholding company, Limited liability company, Share partnership company.

The UAE company law has made a requirement for all the UAE established companies to be owned in at least 51% proportion by the local UAE residents except in certain special conditions in which 100% ownership by local UAE residents is required. There is also a basic requirement of obtaining a license for conducting the business activity. These licenses fall in three categories, commercial, professional and industrial. A company has to obtain the required license before it can commence trading.

To encourage individuals and other companies to establish Dubai company incorporation and other emirates of UAE, a lot of free zones are being created in Dubai, Ajman, Abu Dhabi and in other parts of UAE. These free zone company Ajman, Dubai, Abu Dhabi and Sharjah etc enjoy an exemption of duty on the goods.

Dubai has a great population of people. Due to the recent development, great population of people, great opportunities, free zones being developed and a promising future growth, a lot of investors are making their way into the Dubai business market. A lot of new industries and companies are nowadays being set-up in Dubai giving a further boost to Dubai’s economy and GDP. These companies are being formed for a lot of businesses including tourism, mobile phones, telecommunication, retail, advertising and marketing and transportation.

Bravo Charli - About Author:
SSC Dubai company incorporation is the number one resource in UAE for Dubai company formation and abu dhabi company set-up

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/management-articles/company-and-its-structure-and-rules-in-dubai-and-uae.htm

Related Management Articles Subscribe to RSS

Choose a Denver dumpster company that meets your requirements.
Published by Colin Steven on July 3rd 2012 | Business
Keep in mind that the way you load your dumpster depends on the type of dumpster you have obtained o...
 
The services provided by a Groundwork London company
Published by James Blee on July 17th 2012 | Business
Groundwork London services tend to be undertaken by professional companies who specialise in all asp...
 
What an accountancy company can offer a business.
Published by Johnny Harman on March 15th 2012 | Management
If you own a portion of a business or manage a company there are a number of extra tasks which you w...
 
Great service by a reliable packing and moving company
Published by Ankita Gupta on January 12th 2012 | Business
Packing and moving has become regular part of our life. We are constantly moving from one city to an...
 
Flat Contractor expenses can keep your company afloat
Published by Crowin Smith on February 13th 2012 | Business
The business world is influenced by the changing tides of the global economy which can be brutal to ...
 
Today’s business world is compatible for any efficient company which has enough capital to invest
Published by Anoop TU on April 2nd 2012 | Management
It is obvious that storage of data is of immense relevance in case of any company. The proper mainte...
 
Go for comprehensive packing and moving services by the right company
Published by Ankita Kumari on February 29th 2012 | Business
Shifting from one place to another is not an easy process. It requires huge level of things to pack ...
 
When you are to choose forklift hire company
Published by Glyn Spyke Jones on May 8th 2012 | Business
Hiring the forklifts is the best alternative if your own forklift is not working due to some breakdo...
 
Techniques for medical equipment manufacturers Through Supercharge your provide you with company lately!
Published by Samuel Willie on May 29th 2012 | Business
Advancing produce thread control might be a section of concern through a large amount of insurance c...
 
A company’s repute and the water jet cutting services
Published by Ajax William on March 16th 2012 | Business
If the reputation of a company in an industry is great, then it will be recognized, by the customers...
 
IVR Survey is essential for company in this competitive era.
Published by Snooozy on March 14th 2012 | Business
IVR survey (Interactive Voice Response) is conducted through the computer voice which interacts with...
 
Best moving company with unparallel network and competitive price
Published by Ankita Gupta on December 30th 2011 | Business
Here you are at best packing and moving company. You will get loading and unloading services, wareho...
 
Importance of mail and fulfilment services offered in UK for the improvement of the development in the company
Published by Diego Hall on April 17th 2012 | Business
the best option to make further profit is to hand over your business to the mail and fulfilment serv...
 
Online company registration
Published by Amber Dorsch on February 27th 2012 | Management
There are many benefits of these online company formation and company registration. But the main con...
 
How to search for a good IT network support company
Published by Charles Brinkman on April 22nd 2012 | Business
If you are running a business, then you need the support for a good IT network support company. Lear...
 
How to make employee id badges or employee identification cards for your company?
Published by Angie Turner on May 25th 2012 | Business
When a tiny to average sized business is being set up and the number of employees begins to grow,...
 
Enjoy great services from best pool removal company
Published by Ashish Pandey on May 5th 2012 | Business
Getting the landscaping services from a reliable company is a must. You can hire the best profession...
 
JNT developers;Plano roofing company, the best company in Plano
Published by JNT Developers on December 9th 2011 | Business
This is not the only purpose of the roofing but JNT developers is among those companies that do unde...
 
Best reseller webhosting company – right cradle to care for your website
Published by Genevieve Ackles on December 31st 2011 | Business
The digital age we are thriving in has led us to think on continuous performance improvement strateg...
 
Select a competent web development company for your online business
Published by Maya Gupta on March 20th 2012 | Business
Website plays a vital role in attracting visitors to your website and at the same time keeps the pot...